Core Viewpoint - Wanda Hotel Development (00169) has completed the sale of all issued share capital of Wanda Hotel Management (Hong Kong) Limited, with all conditions precedent met, on October 16, 2025 [1] Group 1 - The special dividend will be distributed on November 19, 2025, to shareholders listed on the register as of November 5, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 WANDA HOTEL DEVELOPMENT COMPANY LIMITED （於百慕達註冊成立之有限公司） （股份代號：169） (1)執行董事及主席辭任； (2)董事調任及委任主席； (3)委任非執行董事； (4)董事委員會組成變更 1 (1) 寧先生已提呈辭去執行董事及董事會主席職務，及劉先生已提呈辭去 執行董事職務； (2) 張先生及韓先生已由非執行董事調任為執行董事，及張先生已獲委任 為董事會主席； (3) 何先生及梁女士已獲委任為非執行董事；及 (4) 張先生已獲委任為本公司提名委員會主席。 執行董事辭任 萬達酒店發展有限公司（「本公司」及其附屬公司合稱「本集團」）董事（「董事」）會 （「董事會」）特此公告，自2025年10月16日起： 寧先生及劉先生已確認與董事會無異議，且無與其辭職相關事項須提請香港 聯合交易所有限公司（「香港聯交所」）或本公司股東（「股東」）注意。 董事會謹此衷心感 ...

EF001 免責聲明 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 於本公告日期，寧奇峰先生（主席）及劉英武先生為執行董事；韓旭先生及張春遠先生為非執行董事；及陳艷博士、何志平先生及 Dr. Teng Bing Sheng（滕斌聖博士）為獨立非執行董事。 第 2 頁 共 2 頁 v 1.1.1 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 萬達酒店發展有限公司 | | 股份代號 | 00169 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 特別股息 (更新) | | 公告日期 | 2025年10月16日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 更新(1) 除淨日; (2) 為符合獲取股息分派 ...

(1)完成非常重大出售事項 出售一間附屬公司 (2)派付特別股息 及 (3)暫停辦理股東登記 茲提述萬達酒店發展有限公司（「本公司」）(i)分別於二零二五年四月十七日及 六月二十四日發佈的公告及通函（「通函」），內容有關（其中包括）出售萬達酒 店管理（香港）有限公司的全部已發行股本；(ii)於二零二五年六月十日發佈的 公告，內容有關宣派特別股息；及(iii)於二零二五年九月三十日發佈的公告 （「九月三十日公告」），內容有關延後最晚截止日及延遲派付特別股息（統稱 「刊發文件」）。除非另有界定，本公告所用詞彙與刊發文件中所界定者具有 相同涵義。 1 完成非常重大出售事項 本公司董事會（「董事會」）欣然宣佈，所有先決條件均已獲達成，且出售事項已 於二零二五年十月十六日完成。 派付特別股息 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 WANDA HOTEL DEVELOPMENT COMPANY LIMITED （於百慕達註冊成立之有限公司） （股份代 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 萬達酒店發展有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年10月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00169 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | ...

Core Viewpoint - The article discusses the decline of Wang Jianlin and Wanda Group, highlighting the company's debt crisis and the shift from the real estate era to the technology era, emphasizing the need for adaptation to new market conditions [5][27]. Wanda's Debt Crisis - Wang Jianlin was recently subjected to a high consumption restriction due to a court ruling related to a 186 million yuan enforcement case, exposing Wanda's ongoing debt issues [6][9]. - Wanda Group has 10 enforcement cases with a total amount of 5.262 billion yuan, and 47 equity freeze cases affecting core subsidiaries, indicating severe financial distress [9][10]. - The company has been forced to sell over 30 Wanda Plaza locations to survive, with significant transactions planned for 2025, including a 50 billion yuan deal involving multiple investors [10][11]. Historical Context - The turning point for Wanda began in 2017 when it faced regulatory scrutiny over its overseas investments, leading to a liquidity crisis and a reported debt exceeding 600 billion yuan [10][11]. - Wang Jianlin attempted to recover by selling assets and restructuring, but the transition to a lighter asset model has faced challenges, particularly in maintaining control over properties [15][16]. Business Segments Struggling - Wanda's commercial management has struggled with its transformation, remaining heavily invested in real estate, which has become a liability rather than an asset [15][16]. - Wanda Real Estate, initially intended to support commercial management, has become a burden due to high debt levels and slow sales recovery [18]. - The cultural and investment sectors have also suffered, with significant losses in film and media investments, further straining the company's financial health [19]. Market Trends and Shifts - The article notes a broader market trend where traditional real estate companies, referred to as "old enterprises," are declining as technology-driven companies gain prominence [21][22]. - The shift from a real estate-driven economy to a technology-focused one is evident, with "old enterprises" struggling to adapt to changing consumer behaviors and market conditions [22][25]. - The success of companies like Wantong Development, which have pivoted towards technology and innovation, contrasts sharply with Wanda's struggles, highlighting the necessity for adaptation in the current economic landscape [24][25]. Conclusion - The narrative of Wang Jianlin's fall from grace serves as a cautionary tale for businesses that fail to adapt to evolving market dynamics, emphasizing the importance of innovation and flexibility in the face of changing economic tides [27][28].

(2)延遲派付特別股息 茲提述萬達酒店發展有限公司（「本公司」）(i)分別於二零二五年四月十七日及 六月二十四日發佈的公告及通函（「通函」），內容有關（其中包括）出售萬達酒 店管理（香港）有限公司的全部已發行股本；及(ii)於二零二五年六月十日發佈 的公告，內容有關宣派特別股息（統稱「刊發文件」）。除非另有界定，本公告所 用詞彙與刊發文件中所界定者具有相同涵義。 1 延後最晚截止日 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 WANDA HOTEL DEVELOPMENT COMPANY LIMITED （於百慕達註冊成立之有限公司） （股份代號：169） 非常重大出售事項 出售一間附屬公司 (1)延後最晚截止日 及 誠如通函所披露，出售事項之交割須待於二零二五年九月三十日或本公司與 買方共同協定的有關其他日期（「最晚截止日」）或之前達成或豁免（視情況而 定）若干先決條件後，方告作實。於本公告日期，交割的若干先決條件尚未達 成。 香港，二零二五 ...

Core Viewpoint - Wang Jianlin and Wanda Group have attracted significant market attention due to a recent high consumption restriction order involving an execution amount of 186 million yuan, reflecting the company's financial difficulties [2][3][4]. Financial Situation - The restriction was lifted within 72 hours, indicating a potential efficiency in resolving debt disputes, but it also highlights Wanda's ongoing debt pressure, with total executed amounts exceeding 7 billion yuan across various companies within the Wanda Group [2][4][5]. - As of now, Wanda Group has 10 execution records totaling approximately 5.26 billion yuan, alongside 47 equity freeze records [5]. Asset Sales Strategy - In response to financial challenges, Wanda Group has shifted from a "buying" strategy to a "selling" strategy, with significant asset sales aimed at debt reduction. Since 2023, Wang Jianlin has sold multiple Wanda Plaza locations, with a total of 85 plazas sold or set to be sold by 2025 [10][12]. - The largest transaction involves the sale of 48 Wanda Plaza locations to a consortium, with estimated transaction values around 20 billion yuan [11][12]. Market Perception - The rapid lifting of the consumption restriction has sparked public interest and concern regarding Wang Jianlin's financial health and the future of Wanda Group, as the company continues to face scrutiny over its debt obligations and asset management [3][4][6].

Core Viewpoint - The article discusses the decline of Wang Jianlin and Wanda Group, highlighting the company's debt crisis and the shift from the real estate era to the technology era, emphasizing the need for adaptation to new market conditions [4][25]. Wanda's Debt Crisis - Wang Jianlin was recently subjected to a high consumption restriction due to a court ruling related to a 186 million yuan enforcement case, revealing Wanda's ongoing debt issues [5][9]. - Wanda Group has 10 enforcement cases totaling 5.262 billion yuan, with 47 equity freeze cases affecting core subsidiaries, indicating severe financial distress [9][10]. - The company has been forced to sell over 30 Wanda Plazas to survive, with significant transactions planned for 2025, indicating a shift towards asset liquidation [10][12]. Historical Context - The turning point for Wanda began in 2017 when it faced regulatory scrutiny over its overseas investments, leading to a liquidity crisis and a reported debt exceeding 600 billion yuan [10][11]. - Despite attempts to pivot towards a lighter asset model, Wanda's debt continued to escalate, particularly in its real estate segment, which has become a liability rather than an asset [11][14]. Business Model Challenges - Wanda's diversified business model, which once thrived on real estate, is now under pressure as each segment faces its own challenges, leading to a systemic risk across the company [14][17]. - The cultural and investment arms of Wanda have struggled to generate returns, exacerbated by the pandemic and market downturns, further straining the company's financial health [17][18]. Market Dynamics - The article contrasts the decline of "old economy" stocks, like Wanda, with the rise of "new economy" stocks focused on technology and innovation, signaling a broader market shift [19][20]. - The real estate sector's decline has forced traditional companies to adapt or face obsolescence, as seen in Wanda's struggles compared to more agile firms like Wantong Development [22][23]. Conclusion - The narrative of Wang Jianlin's fall from grace serves as a cautionary tale about the importance of adapting to changing market conditions, particularly the transition from real estate to technology-driven growth [25][26].

Contents 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Business Review | 業務回顧 | 4 | | Financial Review | 財務回顧 | 17 | | Other Information | 其他資料 | 31 | | Report on Review of Interim Condensed | 中期簡明綜合財務資料審閱報告 | | | Consolidated Financial Information | | 42 | | Interim Condensed Consolidated Statement | 中期簡明綜合損益表 | | | of Profit or Loss | | 44 | | Interim Condensed Consolidated Statement | 中期簡明綜合全面收入表 | | | of Comprehensive Income | | 45 | | Interim Condensed Consolidated Statement | 中期簡明綜合財務狀 ...